Question 35863 (2026)
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Asked by
Tangi Utikere
Member for Palmerston North · Labour Party
Question
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What proportion of the senior private debt for the Warkworth to Te Hana project is fixed or hedged, and for what period of the debt's tenor does that hedging apply, if any?
Answered by
Hon Chris Bishop
Member for Hutt South · National Party · Minister of Transport
Answer
As with previous PPPs, the Project Agreement requires NZTA to make payments to the Contractor for floating interest rate costs that flow through to the private debt that makes up part of the capital structure of the Contractor consortium.…